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Medi Assist India Interview Questions and Answers

Updated 20 Jan 2025
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Q1. Entry for purchases? Purchases was recorded as Rs.100 first, then it increased to Rs.105, what will be the entry?

Ans.

The entry for purchases will be updated to reflect the increase from Rs.100 to Rs.105.

  • The original entry for purchases was Rs.100

  • The updated entry for purchases will be Rs.105

  • The entry will be updated in the accounting software or ledger

  • The accounts affected will be the purchases account and the accounts payable account

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Q2. What would you do if the company gets bonds?

Ans.

I would analyze the terms of the bond and its impact on the company's financials.

  • Review the interest rate and maturity date of the bond

  • Assess the impact on the company's debt-to-equity ratio

  • Evaluate the potential benefits and risks of issuing bonds

  • Consider alternative financing options

  • Communicate findings to management and make recommendations

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Q3. What are the details of the stock market and its various products?

Ans.

The stock market is a platform where investors can buy and sell shares of publicly traded companies.

  • Stocks represent ownership in a company and can be bought and sold on stock exchanges like NYSE and NASDAQ.

  • Bonds are debt securities issued by companies or governments to raise capital.

  • Mutual funds pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities.

  • Options give investors the right, but not the obligation, to buy or sell...read more

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Q4. What are the different types of derivatives?

Ans.

Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.

  • Types of derivatives include options, futures, forwards, and swaps.

  • Options give the holder the right, but not the obligation, to buy or sell an asset at a specified price before or on a specified date.

  • Futures are contracts to buy or sell an asset at a future date for a price agreed upon today.

  • Forwards are similar to futures but are customized contracts traded over-the-coun...read more

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Q5. What are derivatives in finance?

Ans.

Derivatives in finance are financial instruments whose value is derived from the value of an underlying asset.

  • Derivatives can be used for hedging against risk, speculating on price movements, or gaining exposure to assets without owning them.

  • Common types of derivatives include options, futures, forwards, and swaps.

  • Options give the holder the right, but not the obligation, to buy or sell an asset at a specified price before or on a specified date.

  • Futures are contracts to buy o...read more

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Q6. Meaning of LIBOR and other rates

Ans.

LIBOR is a benchmark interest rate that banks use to lend to each other. Other rates include prime rate and federal funds rate.

  • LIBOR stands for London Interbank Offered Rate

  • It is the average interest rate at which banks can borrow from each other

  • It is used as a benchmark for various financial products such as loans, mortgages, and derivatives

  • Other rates include prime rate, which is the interest rate that banks charge their most creditworthy customers, and federal funds rate, ...read more

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Q7. Why CS to work with?

Ans.

CS is a great company to work with because of its strong reputation, diverse range of services, and commitment to innovation.

  • CS has a strong reputation in the financial industry, which provides a great foundation for career growth.

  • The company offers a diverse range of services, which allows for exposure to different areas of finance.

  • CS is committed to innovation, which creates opportunities to work on cutting-edge projects.

  • CS has a global presence, which provides opportunitie...read more

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Q8. Optimisation of python codes

Ans.

Optimizing Python code involves improving efficiency and performance.

  • Use built-in functions and libraries for faster execution.

  • Avoid unnecessary loops and nested loops for better performance.

  • Implement caching and memoization techniques to reduce redundant computations.

  • Profile and analyze code using tools like cProfile to identify bottlenecks.

  • Consider using data structures like dictionaries or sets for faster lookups.

  • Use list comprehensions instead of traditional loops for con...read more

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Q9. Difference between EL and UL

Ans.

EL stands for Expected Loss while UL stands for Unexpected Loss in financial analysis.

  • EL is the estimated loss that a company expects to incur based on historical data and risk assessments.

  • UL is the potential loss that is not accounted for in the expected loss calculation, typically due to unforeseen events or extreme market conditions.

  • EL is used for budgeting and planning purposes, while UL is used to determine the amount of capital reserves needed to cover unexpected losses...read more

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